This measure: eliminates the operation of Test 3 and maintenance factors; provides that future overappropriations may be counted as one-time funding, which would not raise the base upon which future Proposition 98 calculations are made; requires the payment of settle-up obligations for years prior to 2004-05 to be paid within 15 years; and converts the 200506 outstanding maintenance factor to a one-time obligation that is required to be paid within 15 years.